Business Savings Accounts
Savings Solutions Built Around Your Business
Why open a business savings account?
Every successful business needs more than an operating account. A business savings account gives you a dedicated place to build financial security, prepare for future opportunities and handle the unexpected with confidence.
Whether you’re setting aside money for taxes, saving for new equipment, planning a future expansion or building emergency reserves, a business savings account helps your money work toward your goals while remaining easily accessible when you need it.
At The First State Bank, our dedicated team will help you choose the savings option that best fits your business today while supporting where you want to go tomorrow.
Traditional Savings Accounts
Be Ready for What’s Next
Every business faces unexpected expenses and future opportunities. A traditional business savings account provides a simple, secure place to set money aside while keeping it easily accessible when you need it.
Whether you’re building an emergency fund, saving for seasonal expenses or separating money for future purchases, a business savings account helps you stay organized and financially prepared.
Ideal for:
- building an emergency fund
- setting aside money for taxes or insurance
- saving for routine equipment replacements
- managing seasonal cash flow
- separating operating funds from long-term savings
- earning interest while maintaining easy access to your money*
Account Requirements:
- $25 minimum to open an account
- $1 monthly service charge if balance falls below $25
Certificates of Deposit (CDs)
A Safe, Predictable Way to Save
When your business has funds you won’t need right away, a Certificate of Deposit (CD) offers a safe, predictable way to earn a competitive fixed rate of return**. Whether you’re setting money aside for future equipment purchases, expansion plans, tax obligations or long-term financial goals, a CD can help your business grow its savings while keeping your investment secure.
Ideal for:
- Equipment or vehicle purchases
- Building or facility improvements
- Planned expansion projects
- Tax reserves
- Long-term business savings
- Earning more on excess cash
- Terms and Requirements:
- $1,000 minimum to open
- Terms include 30 days to 60 months
Money Market Account
Put Your Business Savings to Work
When your business has excess cash that isn’t needed for everyday expenses, a money market account can help those funds earn more while remaining readily available when opportunities arise.
Whether you’re building reserves for future growth, managing seasonal cash flow, or holding funds for an upcoming purchase, a money market account offers the flexibility to earn competitive interest* without locking your money away for a fixed term.
Ideal for:
- Maintaining larger cash reserves
- Earning more on excess operating funds
- Saving for equipment or capital purchases
- Preparing for seasonal business needs
- Keeping funds accessible while earning competitive interest*
Terms and Requirements:
- $2,500 minimum to open
- $10 monthly service charge if balance falls below $2,500
What savings options are right for your business?
Every business has different financial goals. Our experienced bankers in Norton, Plainville, Hill City, Hoxie and Holdrege will help you determine whether a traditional savings account, money market account or certificate of deposit is the right fit for your business. Call your local branch today to get started.
*Interest rates on accounts are subject to change. Limits and fee disclosures are available on request.
**For all Certificates of Deposit, interest is compounded using the daily balance method by applying a periodic rate to the full amount of principal in the account each day. Closing the account before interest is credited will forfeit the accrued interest. A penalty may be imposed for early withdrawal.
